Also Half is required to make a spending statement. And among the sacrificed expenses, payments to publishers Americans. Facebook will no longer compensate publishers for content published in the News tab (not published in Italy).
Most people don’t connect to Facebook to access the news, it no longer made sense for us to invest too much in an area that doesn’t match the characteristics of our users.
explains a spokesperson for Meta.
Facebook spent an average of $105 million per year. 20 million went to New York timesothers 10 already Wall Street Journal and finally 3 million went to the CNN. Facebook closed deals with publishers in 2019. At the time, it also hired a small team of reporters to manage Facebook’s news section.
Similar deals had also been made in the UK – with The Guardian and The Economist – while in Australia, after a long wrangling with the government and publishers, Facebook struck a deal with Rupert Murdoch’s News Corp.
Meta has communicated for the first time in its history drop in revenue: In the second quarter of 2022, the giant posted sales of $28.8 billion, a slight year-over-year decline. Profits also fell to $6.7 billion. If the first is a figure that is only marginally moderate – it’s -1% yoy – then the second heralds a catastrophe: it’s 36% less than a year ago.
Source: Lega Nerd
